Tanjung Bin Energy Sdn Bhd, a Malaysian electricity producer, sold RM3.3 billion (US$1.1 billion) of Islamic bonds to yield 4.45 percent to 6.05 percent, two people with knowledge of the deal said.
The Shariah-compliant bonds were privately placed in 31 portions, with maturities ranging from five years to 20 years, said the people who couldn’t be named because the information is private. The securities were rated AA3, the fourth-highest investment grade by RAM Rating Services Bhd……………………………………….Full Article: Source